Venttup, a fast-growing B2B engineering services startup based in Chennai, has raised an undisclosed amount in seed funding.
The round was led by Unicorn India Ventures, and the funding will be used to fuel Venttup’s business growth and technological advancements, with a focus on indigenization program management.
Company Overview
Founded in 2023 by Sandeep Nair (CEO), M. Wasim Ankli (COO), and Joseph Panakkal (CMO), Venttup is positioning itself as a trailblazer in the Industries 5.0 movement.
The startup aims to establish a global network of scalable manufacturing capabilities centered in India, bringing together millions of manufacturing MSMEs on a digital platform.
Venttup’s expertise lies in delivering critical engineering solutions and manufacturing complex components for industries such as energy, electric vehicles (EV), aerospace, and defense.
Funding Utilization and Growth Plans
Currently generating an annual recurring revenue (ARR) of INR 2 crore, Venttup aims to grow its revenue fivefold in the next year.
With a strong pipeline worth INR 20 crore, the company plans to achieve this through team expansion, increasing its customer base, and entering new markets.
Venttup is targeting the onboarding of 50 new customers during this growth phase.
Strategic Focus
Venttup emphasizes sustainable practices and aims to reduce carbon footprints through cloud manufacturing.
The company aligns with government-led initiatives to boost local production, reducing dependence on imported components—a strategy commonly known as the “China Plus One” approach.
This initiative positions Venttup as a key player in India’s rise as a global manufacturing hub.
Future Directions
Venttup is not only focusing on expanding within India but is also looking at high-growth international markets such as the Middle East, Africa, Europe, and North America.
The company has introduced new business verticals and proprietary methodologies to drive operational efficiency and sustainability for MSMEs.
With the backing of Unicorn India Ventures, Venttup is set to accelerate its mission of creating a world-class manufacturing ecosystem rooted in India, playing a pivotal role in the country’s industrial transformation.
